NEWPORT BEACH, CA, January 15, 2019 — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company (“DPW” or the “Company”), announced today that its wholly owned indirect subsidiary, Super Crypto Mining, Inc. (“SCM”), is changing its name to Digital Farms Inc. (“DFI”). In conjunction with changing its name, DFI anticipates entering into a new partnership with Digital Farms Management, LLC (“DFM”), a company with deep experience in the data center development and management sector as well as with the real estate markets. The partnership intends to purchase a data-center in Michigan and leverage the many positive attributes of the real estate asset.

DFI recognizes that controlling electrical costs at the lowest possible rates is key to ensuring long-term success in crypto-mining.

The new partnership represents a natural evolution of DFI’s long-term strategy of securing inexpensive power at more than a 60% reduction of its current cost that will be guaranteed the next 5 years. DFI believes that the reduced power costs will increase the profitability of its mining business and that the partnership will strengthen the foundation of its business by having seasoned professionals manage the partnership’s growth by leveraging the real estate asset that adds over 600,000 sq. ft. of space and the availability of up to 300 MW of power. The real estate is already cash-flow positive and is designed as a multi-use facility supporting computing (enterprise data center and high-density computing) and office and warehouse space.

CEO Darren Magot said “This new partnership demonstrates our focus on finding the lowest possible electrical costs in order to maximize profits and create future opportunities for growth within the blockchain environment. We are looking forward to working with the experienced team at Digital Farms Management as we execute on our goals for future growth in the blockchain and data center space.”

DFM will operate the new data center location for the partnership. Both DFI and DFM believe Michigan is an optimal location for this first data center for many reasons including the cooperative and helpful local city officials, significant power available onsite, no personal property taxes imposed in Michigan (making the operation of expensive computing equipment less costly for customers), low property acquisition costs, and the facility has a positive net operating income at acquisition.

CEO and Chairman, Milton “Todd” Ault, III said, “Super Crypto Mining, soon to be Digital Farms Inc., has navigated a very difficult environment demonstrating that it is clearly dedicated to blockchain and the opportunities in the space. DPW supports the transaction which will use traditional real estate financing that will be non-dilutive to DPW and its shareholders.”

For more information, DPW recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at http://www.DPWHoldings.com or available at www.sec.gov.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements

This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.com and on the Company’s website at www.DPWHoldings.com.

]]>Company to Report Performance Through Newly Established DPW Financial, Inc. and DPW Technologies, Inc. for All Business Units and Subsidiaries

Newport Beach, CA, January 11, 2019 — DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”) announced today that it has completed establishing DPW Financial Group, Inc. and DPW Technologies Group, Inc., both Delaware corporations, as previously announced on November 6, 2018. DPW anticipates aggregating all reporting by its subsidiaries and business units through these two new subsidiaries, starting as early as the first quarter of 2019. This realignment will set the stage for other initiatives by the Company in 2019 and beyond.

Organizational Structure

DPW will own 100% of these two groups:

DPW Technology Group, Inc. will focus on advanced technology, design, power solutions and manufacturing businesses in defense, aerospace, telecom, medical, and textiles and will include Coolisys Technologies, Inc., Digital Power Corporation, Microphase Corporation, Enertec Systems 2001 Ltd, Digital Power Limited, and Power-Plus Technical Distributors, LLC. Mr. Milton “Todd” Ault, III will serve as the interim CEO, and William B. Horne as the new subsidiary’s CFO. DPW Technology Group intends to hire a Chief Executive Officer to provide leadership during the IPO and to develop and execute future growth strategies.

DPW Financial Group, Inc. will focus on lending, cryptocurrency mining, hospitality, and real estate and includes Digital Power Lending, LLC, IAM, LLC and Super Crypto Mining, Inc. Darren Magot will serve as the CEO and Kenneth S. Cragun as the CFO.

The officers of DPW will remain the same: CEO Milton “Todd” Ault, III, CFO William B. Horne, and CAO Kenneth S. Cragun. DPW anticipates that the corporate restructuring will enable it to leverage more efficiently its sustainable assets, including making additional strategic investments.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that hold global potential. Through its wholly owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the Company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements

The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

]]>DPW Holdings, Inc. Announces Notice of Noncompliance with NYSE American Listing Standardshttps://dpwholdings.com/dpw-holdings-inc-announces-notice-of-noncompliance-with-nyse-american-listing-standards/
Tue, 08 Jan 2019 16:44:52 +0000https://dpwholdings.com/?p=900Newport Beach, CA, January 8, 2019 — DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”) announced today that on January 4, 2019 it had received a deficiency letter (the “Letter”) from NYSE American, LLC (the “Exchange”) indicating that the Company is not in compliance with the continued listing standards as set […]

]]>Newport Beach, CA, January 8, 2019 — DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”) announced today that on January 4, 2019 it had received a deficiency letter (the “Letter”) from NYSE American, LLC (the “Exchange”) indicating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”). Specifically, the Letter informed the Company that the Exchange has determined that the shares of the Company’s common stock (the “Shares”) have been selling for a low price per share for a substantial period of time and, pursuant to Section 1003(f)(v) of the Company Guide, the Company’s continued listing is predicated on the Company effecting a reverse stock split of the Shares or otherwise demonstrating sustained price improvement within a reasonable period of time, which the Exchange determined to be no later than July 4, 2019.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that hold global potential. Through its wholly owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the Company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements

The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

NEWPORT BEACH, CA, Dec 18, 2018 — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company (“DPW” or the “Company”), announced today that its Board of Directors has authorized the officers of DPW to pursue a separate listing and initial public offering of its DPW Technology Group, which will include the Company’s Defense and Aerospace businesses as well as the Electronics and Power Solutions businesses. The Company anticipates completing the initial public offering in the first half of 2019 and expects that DPW will remain a majority shareholder of the new entity after the offering has been completed.

In November 2018, the Company announced the planned simplification of its organizational structure, including the formation of the DPW Technology Group, which is on track for completion by the end of 2018. The proposed initial public offering would enable investors to directly invest in DPW Technology Group which will include Coolisys Technologies, Inc., Microphase Corporation, Enertec Systems 2001 Ltd, Digital Power Limited, and Power-Plus Technical Distributors, LLC. Management believes that this divestiture and subsequent investment will facilitate execution of the Company’s existing $71 million backlog and fuel future growth. DPW Technology Group intends to hire a Chief Executive Officer to provide leadership during the IPO and to develop and execute future growth strategies.

This announcement is consistent with the Company’s stated holding company strategy, which includes strategic growth, acquisition and disposition of assets and will enable DPW to fund growth opportunities for the benefit of its stockholders. The result will be that DPW maintains ownership benefits while providing the opportunity for the businesses to grow, raise capital and create value as separately listed entities.

CEO and Chairman, Milton “Todd” Ault, III said, “Our strategy is to create opportunities for investors to hold equity in more focused, streamlined entities. The technology and defense businesses have generated a significant backlog, and we believe the capital from an IPO will accelerate revenue growth and, ultimately, add value to our stockholders. This announcement follows recent news regarding our pursuit of a spin-off of, or other transaction involving, Super Crypto Mining, Inc. and we look forward to enhancing value for both companies as they enter their next phase of growth.”

DPW’s primary investor/lender has agreed to provide purchase order financing up to $700,000 which shall be secured by a guarantee of Ault & Company, Inc. (“Ault”). Mr. Ault is the Chairman and Chief Executive Officer of Ault and also its majority shareholder. The proceeds from the purchase order financing, if received, shall be used to deliver on the backlog of products in DPW’s defense business. The financing will not be convertible into shares of DPW’s common stock and will carry an annual interest rate of approximately 10%. The parties are in the process of negotiating definitive documents; however, no assurance can be given that the parties will reach agreement.

For more information, DPW recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at http://www.DPWHoldings.com or available at www.sec.gov.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements

This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.com and on the Company’s website at www.DPWHoldings.com.

Newport Beach, CA, November 19, 2018 — DPW Holdings, Inc. (NYSE American: DPW) (“DPW”) a diversified holding company, today announced it has reached agreement with IAM, Inc. (“IAM”), owner of the Prep Kitchen brand of restaurants, to target for 2019 the addition of up to 4 locations and initiates for Prep Kitchen and its parent, an active growth plan over years to come. The program seeks to expand Prep Kitchen restaurant brand as well as include in the future other restaurant concepts.

“DPW seeks assets with significant promise,” said Milton “Todd” Ault III, DPW’s CEO and Chairman. “With strong hospitality leadership, IAM, Inc. and Prep Kitchen is positioned to capitalize on the exploding San Diego market. This commitment allows growth for IAM to double the size of their current portfolio.” IAM, a subsidiary of DPW Holdings, is a strategic asset of the company’s hospitality group and will be a member of the DPW Financial Group in 2019.

IAM purchased the original three Prep Kitchen venues in January 2018 and opened a fourth location in June. The expansion plans include four additional venues in 2019 in the San Diego area.

The growth plans for 2020 include expansion in additional cities in Southern California, Arizona and Southern Nevada.

Prep Kitchen

Prep Kitchen has been serving distinctive, locally driven cuisine since 2009 when it opened its first location in La Jolla, California. The beloved restaurant now serves communities throughout San Diego County at four locations in La Jolla, Del Mar, Little Italy, and San Marcos. The Prep Kitchen brand is known for its seasonally minded, thoughtfully crafted menu that incorporates signature dishes unique to each location, reflecting the personality of the surrounding neighborhood. The experiential casual eatery partners with local artisans and farmers as much as possible and offers brunch, lunch, happy hour, and dinner as well as a selection of beer, wine, and handcrafted cocktails. Crowd favorites include Bolognese, Crispy Tuna and the PK Burger.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that hold global potential. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements

The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

DPW’s CEO and Chairman Milton “Todd” Ault, III stated, “During the third quarter, we continued to build and monetize our diverse business. Our 159 percent revenue increase reflects growth among our acquisitions in defense, power supply and hospitality. We will continue to foster these and other emerging businesses with the goal of increasing our rate of return.”

“In 2019, we plan to divide our subsidiaries into two groups to enhance our leadership, focus on strategic growth, and increase clarity for our investors. In the Technology Group, we are implementing plans to improve sales and operations, to execute on our $71 million backlog, and to drive toward achieve profitability. In the Finance Group, we are continuing to expand our lending opportunities, reviewing our existing investments and exploring additional investment and acquisition opportunities, as well as leveraging our relationships with industry experts.”

Mr. Ault concluded, “Based on our current portfolio and run rate, we expect 2018 revenue to triple 2017 revenue and 2019 revenue to double 2018 revenue. At the heart of our business, we continually evaluate acquiring undervalued assets and disruptive technologies with a multinational impact that we can monetize to achieve greater value for our shareholders.”

Recent Corporate Highlights:

Announced that the board of directors approved DPW’s reorganization to simplify management and reporting by separating the portfolio into two groups in 2019:

DPW Technology Group will focus on advanced technology and manufacturing in industries such as defense and aerospace, power solutions, medical and textiles; and

DPW Financial Group will focus on lending and investing in areas such as blockchain technologies, hospitality, real estate and other opportunities.

Hired Kenneth S. Cragun, a financial expert with over 30 years of experience in building financial infrastructure, SEC reporting, cash management and sophisticated technical accounting.

Recent DPW Technology Group Highlights:

Secured over $15 million in orders for advanced technologies, including:

$4.3 million order for an advanced missile control system from an Israeli defense and aerospace contractor;

$4.1 million multi-year order from a top-tier U.S. defense contractor for communications filters; and

$5.0 million in orders to develop and manufacture cutting-edge medical automated test and calibration equipment; and

Technology Group order backlog totaled $71.2 million as of November 12, 2018.

Recent DPW Financial Group Highlights:

Secured an $85 million construction loan commitment from a New York City-based multinational investment bank and raised $1 million in debt financing for a five-star luxury hotel investment;

Launched MonthlyInterest.com, an online portal that facilitates investments; and

Enhanced support for blockchain technologies by entering a $2.5 million revolving loan agreement and by identifying low-cost, renewable power sources for cryptocurrency mining. The hydroelectric dam set to use Technology Group equipment is on track to be operational in December 2018. For the nine months ended September 30, 2018, DPW has mined a total value of $1.5 million in cryptocurrencies, with the proceeds having been allocated to working capital.

Third Quarter 2018 Results of Operations:

Gross revenue was $8.3 million, increasing by 159 percent from $3.2 million in the third quarter of 2017, reflecting the positive impact from acquisitions in defense manufacturing and hospitality;

Gross margin was 24.3 percent, compared to 34.0 percent for third quarter of 2017, reflecting increased costs associated in cryptocurrency mining; and

Net loss was $7.5 million, including non-cash charges of $4.7 million, compared to a net loss of $2.1 million, including non-cash charges of $1.2 million for the third quarter of 2017.

Balance Sheet:

Total assets as of September 30, 2018 were $53.1 million, compared to $53.4 million at June 30, 2018. During the quarter, the Company announced several financing transactions, including a public offering of $25 million of 10% Series A Cumulative Redeemable Perpetual Preferred Stock and initiating a new At the Market Offering (“ATM”) that replaced a prior ATM.

As of September 30, 2018, the investment portfolio included convertible promissory notes, warrants and shares of common stock of $7.9 million in Avalanche International Corp. Under GAAP accounting rules, the value of the warrants and shares of common stock are marked to market on a quarterly basis, which can result in significant fluctuations reflecting the volatility of the value of the underlying asset.

Total stockholders’ equity as of September 30, 2018 was $28.1 million, as compared to $31.5 million at June 30, 2018.

Full Year 2018 Gross Revenue Guidance

Management updated the 2018 gross revenue expectation to between $29.0 million and $33.0 million, compared to previous guidance of $34 million to $39 million, reflecting the timing of fulfilling backlog.

Full Year 2019 Gross Revenue Guidance

Management provided 2019 guidance of gross revenue of approximately $60 million with the Technology Group contributing approximately $40 million and the Finance Group contributing approximately $20 million.

Conference Call

DPW will host a conference call at 5:30 P.M. ET on November 15, 2018 to discuss the third quarter 2018 results and provide a business update as well as answer questions. Mr. Ault will be joined by CFO
William B. Horne and CAO Kenneth S. Cragun. Investors and interested parties who wish to participate
on the webcast either online or by calling in must use this link to register prior to 4:30 P.M. ET on November 15, 2018. In addition, links to the press release, conference presentation and webcast replay will be available at www.dpwholdings.com under the Investor Relations section.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that hold global potential. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements

The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

]]>DPW HOLDINGS TO SIMPLIFY ITS ORGANIZATIONAL STRUCTUREhttps://dpwholdings.com/dpw-holdings-to-simplify-its-organizational-structure/
Tue, 06 Nov 2018 15:48:43 +0000https://dpwholdings.com/?p=830New Technology and Finance Groups To Be Created to Support Growth Objectives NEWPORT BEACH, CA, November 6, 2018 – DPW Holdings, Inc. (NYSE American: DPW), (“DPW”) a diversified holding company, announced that its board of directors has approved a proposed reorganization of its corporate structure. The reorganization is intended to enhance DPW’s ability to reach […]

]]>New Technology and Finance Groups To Be Created to Support Growth Objectives

NEWPORT BEACH, CA, November 6, 2018 – DPW Holdings, Inc. (NYSE American: DPW), (“DPW”) a diversified holding company, announced that its board of directors has approved a proposed reorganization of its corporate structure. The reorganization is intended to enhance DPW’s ability to reach its objectives, notably its growth strategy, as well as to assist its investors and others to better understand the components and purpose of each subsidiary. DPW Holdings will acquire, grow and spinoff companies in two separate groups: DPW Technology Group and DPW Financial Group.

“DPW constantly evaluates options to increase stockholder value through acquisition, appreciation, and disposition of our companies and strategic investments,” stated CEO and Chairman Milton “Todd” Ault, III. “We own, fund and grow multiple companies in various sectors with commonalties in the business models, growth strategies, and needs for financing and leadership. We believe supporting our assets in these two specific groups will enhance our ability to help them achieve their objectives and, ultimately, generate greater value.”

Organizational Structure

DPW will own 100% of these two groups and anticipates beginning accounting for them separately in 2019:

DPW Technology Group will focus on advanced technology, design, power solutions and manufacturing businesses in defense, aerospace, telecom, medical, and textiles. Mr. Ault will serve as the interim CEO, and William B. Horne as the financial executive.

DPW Financial Group will focus on lending, cryptocurrency mining, hospitality, and real estate. Darren Magot will serve as CEO and Kenneth S. Cragun as the financial executive.

The officers of DPW will remain the same: CEO Milton “Todd” Ault, III, CFO William B. Horne, and CAO Kenneth S. Cragun. DPW anticipates that the corporate restructuring will enable it to leverage more efficiently its sustainable assets, including making additional strategic investments.

DPW plans to provide a company update and report third-quarter 2018 financial results in mid-November 2018.

For more information, it is recommended that stockholders, investors and interested parties read DPW’s public filings and press releases available under the Investor Relations section at www.DPWHoldings.com or available at www.sec.gov.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements
The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

]]>Newport Beach, CA, October 15, 2018 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company (“DPW”), announced that a group, which includes DPW as an investor, secured an $85 million construction loan commitment from a New York City-based multinational investment bank for the construction of a five-star ultra-luxury hotel in Tribeca (the “Hotel”). The construction of the Hotel is led by two New York real estate development companies, Mactaggart Family & Partners LP and Caspi Development. As announced on May 25, 2018, DPW Holdings acquired a minority position in the investment.

“DPW seeks assets with unique attributes and significant promise,” said Milton “Todd” Ault III, DPW’s CEO and Chairman. “With strong luxury hospitality fundamentals and specific location advantages the Hotel is positioned to capitalize on the exploding business and residential growth of Lower Manhattan. This loan commitment from a prestigious bank validates our opportunity and keeps the Hotel on track to be completed in the summer of 2020. The anchor of DPW’s hospitality portfolio, the Hotel is expected to deliver long-term predictable cash-flow.”

The Tribeca Hotel

The 94,000 square foot hotel, located one block east of the Hudson River in the heart of the Tribeca North Historic District, will feature 96 opulently appointed rooms and suites, a lavish full-service spa and six first-class food and beverage venues, all exclusively designed by renowned designers Martin Brudnizki Design Studio and Stephen B. Jacobs Group. A 106-year, premier hospitality group among the largest operators of 5-star luxury hotels and casinos in Europe will share its flagship hotel’s name, sophistication and exclusive service. The group is expected to be revealed as part of a branding effort that will commence in the spring of 2019. A record-number Michelin star restaurateur is also contracted to oversee dining in the Hotel, including the New York manifestation of an iconic European institution in operation since the 1800s. AECOM Tishman Construction Corp. broke ground in December 2017 and expects to open the 96-room hotel during the fall of 2020, with the opening of the restaurants anticipated to be immediately thereafter. For more information regarding the hotel project, please use this link where a live video feed is also featured streaming during the day, https://DPWHoldings.com/456luxhotelnyc/.

DPW Investment

To maximize long-term predictable cash flow, DPW intends to invest pari passu with top-tier New York City real estate investors. Based on a projected average daily rate (ADR) of $983 upon stabilization in 2021 (as compared to the competitive set’s May 2016 ADR of $1,060), the Hotel is expected to produce a stable, unlevered yield on cost of 10%. A refinancing, three years after opening, is projected to return 50% of the invested equity and should generate cash-on-cash returns of 18% thereafter.

Partners

London-based Mactaggart Family & Partners, LP has been operating in New York City since 1985. Its experience spans over 35 years of high-end office and residential development including 589 Fifth Avenue, 590 Fifth Avenue, 183 Madison Avenue, and 576 Fifth Avenue.

Family-run Caspi Development represents decades of real estate pedigree, which along with a comprehensive hands-on approach, has led to an unparalleled reputation for perfection in design, construction and project completion. With a track record of both metropolitan and suburban achievements, Caspi thrives in the competitive Westchester and New York City landscapes. Bringing three generations of experience to the table, Caspi taps into its knowledgeable site selection and financial entrepreneurship to succeed in a variety of markets.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com

Forward-Looking Statements
The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.

Newport Beach, CA, October 4, 2018 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW) (“DPW”), a diversified holding company, today announced that its subsidiary Super Crypto Mining entered into a Revolving Loan Agreement for up to $2.5 million and in connection with a Security Agreement granting interest in certain collateral, including bitcoin.

“It is important for each subsidiary to develop its own capital structure to create flexibility and provide opportunity for expansion,” stated DPW’s CEO and Chairman Milton “Todd” Ault, III. “As Super Crypto continues its plan to increase miners, this line of credit enables Super Crypto to deploy its assets – bitcoin – to fund growth.”

Terms and more information can be found in the Form 8-K filed yesterday on October 3, 2018 with the SEC.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements
The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.com and on the Company’s website at www.DPWHoldings.com.

DPW’s CEO and Chairman, Milton “Todd” Ault, III said, “With over 30 years’ experience serving a wide variety of public and private multi-national businesses, Ken is a great fit for DPW. e is a strategic thinker who is comfortable in fast-growth and dynamic environments, building great teams and providing solid financial and accounting infrastructure. His expertise includes SEC reporting, cash management and sophisticated technical accounting. We believe his financial acumen will enhance our ability to continue to build and monetize our diversified portfolio.”

Cragun stated, “With its current portfolio, DPW has significant opportunities to drive growth and create value. And, with a strong financial infrastructure, we can leverage our foundation and expand our reach with additional investments. I am excited to partner with the team to drive long-term shareholder value.”

About Kenneth S. Cragun

Cragun most recently was a CFO Partner at Hardesty, LLC, a national executive services firm since October 2016. His assignments included serving as CFO of CorVel Corporation, a publicly traded (NASDAQ: CRVL) nationwide leader in technology driven risk management programs and of RISA Tech, Inc. a private structural design and optimization software company. Cragun was also CFO of two NASDAQ-listed companies: Local Corporation, from April 2009 to September 2016, which operated Local.com, a U.S. top 100 website; and Modtech Holdings, Inc., from June 2006 to March 2009, a supplier of modular buildings. Prior, he had financial leadership roles with increasing responsibilities at MIVA, Inc., ImproveNet, Inc., NetCharge Inc., C-Cube Microsystems, Inc, and 3-Com Corporation. Cragun began his professional career at Deloitte. Currently, Cragun is on the board of directors of nFusz, Inc. (OTC: FUSZ).

Cragun, a CPA, earned his BS in Accounting from Colorado State University-Pueblo and his AAS in Business Management from Brigham Young University-Idaho. He is also a two-time finalist for the Orange County Business Journal “CFO of the Year – Public Companies”.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

Forward-Looking Statements
The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.com and on the Company’s website at www.DPWHoldings.com.